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TradeSmarter

Overall Review of broker: This is a great broker that takes itself and its customers very seriously. Your funds are not going to be messed around with and neither is your trade. To be honest, unlike forex trading, brokers in binary options don’t play that game of stop loss hunting, price changing, and other unseemly habits. They created their own trading system, which is stellar, yet a bit stripped down for the more advanced trader.

Company Profile: Tradesmarter, formed in 2008, is one of the pioneers of the Binary Options industry. Their vision is to provide a simple trading experience to novice and experienced traders alike. Tradesmarter specializes in Binary Options across the world’s largest financial markets and offers a variety of underlying assets: currencies, commodities, indices and stocks.

The Good: They have a wide range of support languages including Western European languages and Arabic which is important. They also have a good payout % and aggressive bonuses (see below).

The Bad: No Stop Loss, No Take Profit, No Touch Options, No Range Options, and No Rollovers are somewhat problematic in our eyes. We’d love to see them add these as they are almost standard now. They are vital for the more advanced trader.

The Bottom Line: Very solid and regulated broker with a decent offering. Their support is at the highest level due to their regulatory status making this an ideal choice for the skeptics and those that may have been hurt by forex brokers in the past. So to open an account now and start trading binary options at tradesmarter, simply click here

Payout %: They have a wide payout range of 69-85%. It is somewhere slightly above average and should be fine for any trader type.

Expiry Variety: As far as we can tell, a 1 hour expiry is good for all trader types. Of course, we’d like to see more variety here and it’s a little too focused on short term trading strategies.

Binary Options Types: Above/Below (Call/Put) are not enough in today’s market conditions. However, new traders will likely stick to these options to begin with anyway. Which is why they are on our top broker table despite this.

Software: Tradesmarter proprietary system is one of the best in the business. Solid and stable.

Asset Types: With a wide variety of asset types, we like what we see. See the table below for a full listing of what you can trade:

CURRENCIES COMMODITIES INDICES
AUD/USD Copper N. AMERICAN INDICES EUROPEAN INDICES ASIA AND MIDDLE EAST INDICES
EUR/GBP Crude Oil NASDAQ CAC40 None
EUR/JPY Gold S&P 500 FTSE
EUR/USD Natural Gas S&P ASX
GBP/JPY Silver
GBP/USD
NZD/USD
USD/CHF
USD/JPY
STOCKS
US STOCKS EUROPEAN AND UK STOCKS ASIAN AND OTHER STOCKS
General Electric AXA China Life
Goldman Sachs Group Barclays China Mobile
Macy’s BHP Billiton China Petroleum
Mastercard BNP Paribas Commonwealth Bank
MGM Resorts BP CSL
VM Ware HSBC Toyota Motors
Lloyds Rio Tinto
Macquarie Group SPDR Gold Trust
Newcrest Mining
RBS
Sanofi-Aventis
Tesco
Total

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Languages: They provide support in a very wide range of languages including English, Spanish, French, Russian, Chinese, Korean, and Italian while the trading platform itself supports these languages as well as Arabic, Turkish, and others.


Bonuses: Varies but you can contact us at media@whyoptions.com if you wish to learn more or simply head to tradesmarter by clicking here and start trading binary options at tradesmarter, simply click here

Payment methods: Credit Cards such as Visa and MasterCard. Other methods are also available such as wire transfer, Moneybookers and various debit cards

Other Features: Fully regulated by ASIC, headquartered in Australia, Web-based platform, two platform views (list view, box view), market sentiment, one-on-one trading with account manager 

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Reviewed by David Fielder on 14 July 2011